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Smith (A.O.)Corp Falls 2.58% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Smith (A.O.)Corp (NYSE:AOS) traded in a range yesterday that spanned from a low of $45.50 to a high of $46.94. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $46.20 on volume of 883,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Smith (A.O.)Corp have traded between a low of $40.34 and a high of $68.39 and are now at $45.56, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.65% lower and 1.76% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Smith (A.O.)Corp on September 25th, 2018 by issuing a Downtrend alert when the shares were trading at $56.52. Since that call, shares of Smith (A.O.)Corp have fallen 17.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders smith (a.o.)corp

Ticker(s): AOS